As PG&E Goes Bankrupt, Here Are the Tech Giants That Buy From It
As PG&E Goes Bankrupt, Here Are the Tech Giants That Buy From It
(Bloomberg) -- Just a day before California utility giant PG&E Corp. declared bankruptcy, it made a regulatory filing that -- intentionally or not -- reminds everyone of the tech titans in Silicon Valley and corporate giants that rely on it for power.
Based on a filing the company made with the Federal Energy Regulatory Commission on Monday, these are among its 20 largest electric customers:
- Alphabet Inc.’s Google
- Apple Inc.
- Tesla Inc.
- AT&T Inc.
- Walmart Inc.
- Cisco Systems Inc.
- Valero Energy Corp.
- Chevron Corp.
- Kaiser Foundation Health Plan Inc.
- Safeway Stores Inc.
PG&E’s interim chief executive officer, John R. Simon, addressed the utility’s customers in a letter early Tuesday, saying, “The power and gas will stay on. We will continue to provide you with reliable electric and natural gas service, and that will not change as a result of this process.”
For more on PG&E’s bankruptcy, read this.
To contact the reporter on this story: Brian Eckhouse in New York at beckhouse@bloomberg.net
To contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Christine Buurma
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